Current:Home > ContactThe Daily Money: Will new real estate rules hurt Black buyers? -WealthMindset Learning
The Daily Money: Will new real estate rules hurt Black buyers?
View
Date:2025-04-19 11:05:39
Happy Monday! It's Bailey Schulz with The Daily Money.
Good news for drivers: Gas prices are falling.
The national average for regular fuel at the pump was $3.35 per gallon on Monday, down about 17 cents from last month and nearly 50 cents from a year ago, according to data from AAA. Barring any unexpected road bumps ahead, experts say prices should keep falling through the remainder of the year.
New real estate rules could negatively impact Black buyers
New rules that went into effect this month were supposed to raise transparency in real estate, but there are concerns these changes could lead to unintended consequences for Black buyers.
Because of rule changes following litigation against the National Association of Realtors and large national brokerages, it is no longer assumed that a seller will pay a home buyer's broker. The concern is that Black buyers, who often come to the house hunt with the deck stacked against them, will be further disadvantaged by having to pay more money out of pocket for an agent to represent them – or will choose to go without representation in a transaction that’s expensive, confusing and laden with unfamiliar pain points.
“I am concerned,” said Denise Franklin, a long-time real estate agent in Greenville, South Carolina. “We may see more fair housing complaints and lawsuits.” You can read real estate reporter Andrea Riquier's story here.
📰 More stories you shouldn't miss 📰
- Was your Social Security number part of the data breach? How to check.
- What to know about record gold prices valuing one bar at $1 million.
- A 'small minority' of Taco Bells are cutting breakfast from the menu.
- The best family SUVs you can buy right now.
- Arsenic in apple juice? Juice sold at Walmart recalled.
🍔 Today's Menu 🍔
We still have a few more weeks left of summer, but that hasn’t stopped coffee chains from putting pumpkin spice options back on the menu.
Starbucks brought back its seasonal beverages last week, and Dunkin’ has hinted that its menu will be updated soon. The chain’s official Instagram account on Wednesday shared a post captioned, "Apparently I'm not allowed to say when pumpkin comes out but it rhymes with shmaugust shwenty shmeighth."
Dunkin' confirmed the Aug. 28 launch date of the fall menu in an email to USA TODAY but declined to share the contents of the menu.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
veryGood! (34846)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Deion Sanders on theft of players' belongings: 'Who robs the Rose Bowl?'
- Francis Lawrence Reveals Hunger Games & Ballad of Songbirds and Snakes Casts' Connection
- Semien’s 5 RBIs, Seager’s home run lead Rangers over Diamondbacks 11-7 for 3-1 World Series lead
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Maine gunman is the latest mass shooter with a military background. Experts explain the connection.
- SPANX Flash Sale: Get Ready for Holiday Party Season and Save up to 68% Off
- Finland convicts 3 far-right men for plotting racially motivated attacks using 3D printed weapons
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Hamas releases video of Israeli hostages in Gaza demanding Netanyahu agree to prisoner swap
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Woman plans trip to Disney after winning Michigan Lottery game Lucky For Life
- NASA releases images of the 'bones' of a dead star, 16,000 light-years away
- Mississippi’s congressional delegation seeks Presidential Medal of Freedom for Medgar Evers
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Are real estate agent fees a racket?
- Edging into the spotlight: When playing in the background is fame enough
- Rangers one win away from first World Series title after monster Game 4 vs. Diamondbacks
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Vermont police say a 14-year-old boy has been arrested in the fatal shooting of a teen in Bristol
States are getting $50 billion in opioid cash. And it's an issue in governor's races
A fire in the Jewish section of a cemetery in Austria’s capital causes damage but no injuries
New data highlights 'achievement gap' for students in the US
A woman who left Texas for India after her 6-year-old son went missing is charged with killing him
NASA releases images of the 'bones' of a dead star, 16,000 light-years away
Thousands of Bangladesh’s garment factory workers protest demanding better wages